Housing Improvement Finance Company (HDFC) introduced that subsequent to approval of the inventory exchanges and Reserve Financial institution of India for scheme of merger of HDFC and HDFC Financial institution, the Securities and Trade Board of India (SEBI) has granted its in-principle approval for the change answerable for HDFC Property Ventures, a wholly-owned subsidiary of HDFC which is the funding supervisor of HDFC India Actual Property Fund III (HIREF III), topic to the approval of the NCLT.
Moreover, additionally taken on file the proposed change in sponsor of HIREF III on account of the Scheme from HDFC to HDFC Financial institution.
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(This story has not been edited by Enterprise Commonplace employees and is auto-generated from a syndicated feed.)
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